Surprise: Obamacare medical device tax killing jobs in the industry
"An Indiana-based medical device company is canceling plans to build five new plants in the Midwest because of the hit it will take from the 2.3 percent excise tax imposed by Obamacare.
In February, Minnesota-based Medtronic said it may have to pass on its costs to consumers and cut back on its investments to pay the $60 million the tax will likely require.
In November 2011, Michigan-based prosthetics manufacturer Stryker announced it will cut five percent of its global workforce to cope:" [Hot Air]
No more jobs for those who were looking forward to the opening of plants for medical devices. Unfortunately some of them chose not to open their plants because they cannot afford to do so.
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